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Costs
When purchasing a real estate property in
the United States, as in any other place in the world, many
additional costs are involved, other than the purchase price
itself.
As an American Broker, we are required to disclose to applicants
a "Good Faith Estimate", including all the costs
involved in a transaction done through us.
These costs include the purchase price, title company charges,
escrow charges, lender's charges, reserves required at closing
(county and state taxes and Insurance premiums, for example),
homeowners' association charges, and other costs.
We'll provide you with estimates once we
know the details of your transaction, since costs will depend
on your loan amount, purchase price, and other factors such
as the state and county the property is in.
Our Fees
Most of our fee is paid to us by the lender
itself - allowing us to work for you for a relatively small
loan origination fee. The advantage of working with us is
that we deal with a wide range of banks which means we do
the shopping around for you, and you have more flexibility
in getting the right program for your needs.
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